[H4 Signal] ETHUSDT - Consolidation Technical Reversal

ETHUSDT
Timeframe: H4
Direction: Long

Technical Confluences for Trade:
- Price action at Multi-Year Horizontal Support Trendline
- Stochastic Oversold momentum
- Widening of the EMAs
- Fib Channel shows Price action at 0.786 Channel level


Suggested Trade:
Entry @ Area of Interest 1400 - 1500
SL: 1371
TP1: 1680 (move SL to Entry level once TP1 is achieved)
TP2: 2000
RR: Approx. 5.69 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

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Market is still very volatile. Be careful.